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converted. we call it converting from post to park. repurposing those lands from national defense to environmental defense. and i believe it is probably the most accessful base conversion in the united states. if you haven't been to the presidio, i think you should try and make that. if you're from out of town, it's a spectacular transition there. so, these golden gate national parks that i happen to be the superintendent of has now become after 40 years the second most visited national park in our country. we get 14 million people a year that come to our parks. it has spectacular coastline, includes muir wood, alcatraz, we get to tell the stories, stories about essentially what you and your predecessors did this this area. our headquarters, fort mason, was the fisherman's wharf area was the port of embarkation for the wars in the pacific. just this week we brought in a world war ii 16-inch bottle ship gun to the marine head lands to put it up at battery townsly which would have been the pinnacle of coastal artillery in world war ii. so, we now have a canon or artillery collection
these two people. and he then became our secretary of defense. and many of us that have served thought that he was one of the best secretary of defenses we've ever had. he's currently a senior fellow at the hoover institute and a freeman foley institute of international studies. he is the michael and barbara bavarian professor at stanford university and serves as co-director of the nuclear risk reduction initiative and preventive defense project. please help me welcome our speaker this morning, former secretary of defense william perry. (applause) >> what a pleasure it is to be aboard this symbol of america's millery power, the uss macon island. what a pleasure it is to be among the men and women of our armed forces and the men and women of the first responders of the san francisco bay area. fleet week for many years in san francisco was a somewhat [inaudible] affair and it has been transformed into this great coming together by the military and the first responders, the great coming together of our uniformed personnel and a great [speaker not understood] of san francisco. this amazing
to find one, the bush tax cuts are set to expire, and if we do it right, we can avoid defense cuts. if we let the tax cuts expire over $500,000, that raises $500 billion of revenue over 10 years. if we do not come up with a solution, let the bush tax cuts expire, there is have a solution. fix this medicare problem george voted for he would not take back and allow negotiation for prescription drug prices. another $240 billion. let's take away the subsidies that the oil company's debt. they make $135 billion in profits last year. why are we giving them subsidies? now we have a compromise that, instead of $1 trillion of sequester cuts, we have to find $235 billion in savings over 10 years. that is the kind of compromise that can be supported by democrats and republicans. now is the time for compromise. we can do it for the good of the virginia economy and our defense industry. >> tim talks about raising taxes again. i think it is wrong. to be using the 200 men and women -- 200,000 men and women in virginia whose jobs are threatened by the sequestration deal that i opposed and tim set in deba
? was at a defense mechanism by the defense department? >> guest: no, it was a purely preemptive effort to slow the nuclear weapons processing capability of iran. >> host: you mention charlie miller and mr. miller is in st. louis and he joins us today on "the communicators." mr. miller, what was your goal in breaking into the iphone? >> guest: in that particular case it was for a concept like robert mentioned. they had hackers across the world and they had various devices. if you break into a device you can wind some cash in the device also. i won the contest a few times. earlier my career was more about showing things like iphones or you know, apple software were vulnerable because it really was an believe that it was but now it's just -- i have shown vulnerabilities in the iphone and attacks where i can send a text message to the iphone and taken over. all these are fixed now. part of the contest is all these vulnerabilities being fixed. a fun way to show off your skills and so everyone gets protected by the attacks it. >> host: how long did it take you to break into this iphone and from wher
to romney but in semi quasi defense of romney one mistake that obama made in the 2008 campaign is he said he was going to change the tone in washington. and every president says that. but the president does vice president the power to change the tone in washington. it takes two to consummate this tango, and obama tried. obama tried in many ways and at many different times as you know, the stimulus was more than one-third tax cuts he adopted a republican ideas for his health care reform. he went to republicans many times and said what will it take to get you to compromise with me on this bill and other bills, and he got no votes at all. so the republican's position is disrupt, be destructive, watch things fall apart, and then point their finger at him. >> jennifer: i'm curious what you think -- i have this theory that -- again, i could be all wet, but in the theme of hurricane sandy that bloomberg and chris christie who both need now significant investments to shore up their infrastructure to make sure these rolling storms which this won't be the last one since climate ch
with the increase taxes that we would see, do you reversed. as well as the deep defense cuts, which is something that would really impact the area dramatically. george mason and stephen fuller, one of the preeminent economists in our area said the defense cuts could cause a recession in virginia and almost double the unemployment numbers. bridget has been several -- rigid has been scary -- very successful in having a low unemployment rate. jobs is the number one priority. that is why we are very courageous that the numbers of supporters in for mitt romney this year. >> does your canada have to win the county to win virginia? guest: i don't know we have to, i expect we will. it was only a narrow margin that president obama won loudoun, the last time and it really was an aberration. virginia republicans have been winning loudoun county in 2009 when governor bob mcdonnell won this area, and then in 2010, of course our congressman frank wolfe, he is extremely popularhe is of course on the ticket this year. he always wins resoundingly. in 2011, we swept all of the state and local seats here in this y
arm of the nation's defense. but in the daily activities that we conduct, we do a lot of things that are important not only to the members of the military and the members of this country, but that have a significant effort in advancing the well-being of others in the world. so, we tend to think of the obvious things. we stand for freedom of choice. we stand for people being able to go about their lives free from oppression and things we know a lot about. but in the process of doing that, we had a large group of people and the department of defense. they need medical care, and because many of them are working at a very high operations tempo and under a lot of stress, we want them to be in the absolute highest level of health that we can possibly provide. and so, we have a very, very healthy group of folks, and we work overtime to make sure they stay healthy. in the process of doing that, we've learned a lot about people, diseases, physiology and on and on and on. one of the things we have to offer, we in this case i believe being the department of defense in this country is shari
of the federal government is national defense. and i see some veterans with their hats on. all the veterans, raise your hand. \[applause] thank you. thank you for your service to our country and thank your families as well. and we need to have america keep our promises to our veterans and their families for the benefits they've errand. more over, we have new threats from washington t. sequestration deal which is threatening 2,000 jobs in virginia and our readiness. what has the senate done? absolutely nothing. no budgets for the last three and a half years. a lot of members of congress shouldn't get paid if they don't make appropriations. what does president obama and opponent jim mccain say? we need to raise taxes. that's the right reaction because that would mean fewer jobs. and i want to be real clear. the 200,000 men and women in virginia whose jobs are at risk who serve in our armed forces should never be used as a political bargaining chip to race taxes on small business owners. \[applause] >> the best way to raise revenues is with a thriving economy where businesses are prospering an
purpose? was it a defense mechanism, the defense department? >> no, it was a purely offensive, pre-emptive effort to slow the nuclear weapons processing capability of iran. >> you mentioned a charlie miller, and mr. miller is in st. louis, joining us today. mr. miller, what was your goal in breaking into the iphone? >> well, and the particular case, it was for a contest, like robert mentioned. they have this contest every year. hackers across the world enter it. they have various devices. if you break into the devices, you win some cash it and devices also. i want contests earlier in my career. it was more about showing things like the iphone or desktops running apple software are vulnerable, because it was not really believed it was. now it is just i have shown vulnerabilities in the iphone, have shown a tax where i could send a text message to the iphone and taken over. these are all fixed now. part of the contest is all of these areas are fixed. it is a fun way to show what skills and everybody gets protected by the attacks we come up with. >> how long did it take you to break i
new york times." >> host: and what was its purpose? was it a defense mechanism? was it the defense department? >> guest: no. it was purely a offensive, preemptive effort the slow the nuclear weapons processing capability of iran. >> host: well, you mentioned charlie miller, and mr. miller is in st. louis, and he joins us today on "the communicators." mr. miller, what was your, what was your goal in breaking into the iphone? >> guest: well, in that particular case it was for a contest, like robert mentioned. they have this contest every year, hackers across the world enter it, and they have various devices. if you can break into the devices, you win some cash and the device itself. so that was my goal. i won that contest a few times. earlier in my career it was more about showing that things like iphones or, you know, desktops running apple software were vulnerable because it wasn't believed that it was, but now it's just, you know, i've shown vulnerables in iphone, i've found attacks where i can take over an iphone in the past. all these are fixed now because part of the contest is
contracting the big defense companies, and most is defense relatedded saying, hey, this is what we're doing. we can't be as open because the are largerompanies that can't move as quick, but a smaller company that's pretty much one location, one set of business criteria, we just made the choic to act quickly and to get ourselves into the position where we could recover once things get going in the right direction. neil: a lot embracing for the sequestering cutting that will take a lot out of defense spending, and, in fact, warnings have gone out to them and to their workers, you know, prearm for tough times. what if they miraculously make a deal, make, avoid automatic cuts, delay them, whatever. is everything back on? is your business back on? are the cuts that you made unnecessary? do you bring people back? open up other factories? what do you do? >> well, no, i don't think -- the industry doesn't move fast. the defense industry moves slow, slower than a normal business sector so i would say that we wouldn't be hiring peop back. we made those changes to line ourselves with that the next 12
, and defense, six out of 10 federal dollars. what are the tough choices that you are willing to make when it comes to prioritizing cuts in benefits or defense, because it is clear that the only three areas you can make substantive differences, and for the tea party, the people who put you in office, state how you would make the tough choices. where do you cut? >> you included the overseas contingency operations. now we are now out of iraq, that does not count. my opponent said he would not support. cut the defense budget over the next 10 years. it is the sequestration that i am against. 62% of the budget is net interest on the debt. one of the things, stop with a payroll tax cut gimmicks, because we are driving social security into a deficit situation. we have to look at how we can reform and protect and preserve programs like medicare. >> a question for you, mr. murphy. any serious discussion to look at programs like this and serious cuts? where does it start? >> you cannot look at these three in a vacuum. it is a problem, and that is why i want to get the congress, because i think i can
groundwork, but from an arab perspective, the same integrated air defenses in trying to kill fighter jets. so given that the skies are permissive, the jones have been able to roam around free and i think false conclusions have been drawn and decent people who want to know better, who are thinking, look how well these things work. we could just use them all the time. i've nothing against drones. they do some things i would want to do. i don't want to orbit over a point and take pictures for 12 hours. my tail would go to sleep and i don't want to do that. but by the same token, they are followed by a guy who's looking through a tiny soda straw of a few. he's not a pilot sitting there on the scene. i don't know of anybody and any ground forces that would rather have a drove overhead then i fighter, just because they will combat situation. you can plan it, you can walk out the door at the best plan in the world and it's going to change, guaranteed. if it doesn't start apart completely, it will fall apart mostly. it's hard to adapt and change to that if you're sitting in a trailer tent doesn't mil
. talk to your hospital, and they will tell you defensive medicine occurs right here and in every community across america. if they make a mistake, they know they are going to be taken to court, but it is the doctors doing two procedures instead of one or checking into a hospital instead of outpatient service. we can talk about health care plans, the opportunity to buy health insurance. we can talk about the opportunity of allowing bigger pools to be created, expanding programs so we have more family practice. these are ideas we are willing and ready to prepare. we are not allowed to. >> senator tester, there are polls that show that montana and steve not like affordable care act. how can you sell it? >> that is the bottom line were you have a pre-existing condition. i am glad the congressman talk about selling across the state lines, about increasing general practitioners and family practice in the health-care bill. there is a lot of stuff in the health-care bill. i always get accused of not reading it. the health-ine isn' care bill extends health care for eight years. the mistak
of you watch your favorite football team play prevent defense and watch the lead dissipate. it happens every time. >> i think he is still the favored to win the race, but we have a candidate, a -- and oil and gas by who will put $25 million in the race. i am told another $5 million or so coming down the stretch in addition to whatever he can raise. that is a big number in pennsylvania, and that can move numbers, and one thing that senator casey has not done purdum gilley well is define himself. and ed has made that comment -- has not done very well is define himself. and ed has made that comment. that is not a great place to be. if mitt romney can do the rope a dpoe and slide in, then there is really no one in the city of philadelphia that is going to energize turn out in the city. this could be a real sleeper on election night. >> let's move beyond pennsylvania. what would you think the romney campaign means to do? we are two weeks out. he may have a little momentum, but he's clearly struggling in a couple of key swing states. how does he conclude the sale? >> i'm not too sure there i
again. the country's economic growth is expected to top 12% this year. japan self defense forces and u.s. military will hold their training exercise in waters off okinawa prefecture. they were to practice a land mag nufr, but it has forced military plan tires take a less direct approach. the drill is part of a large scale exercise that starts next week. commanders want to enhance the defense of southwestern islands. in italy they plan to hold a drill on an uninhabited island. they want to rehearse retaking territory occupied by enemy forces. government officials decided last week not to send troops ashore. they want to avoid raising tensions with china. the two countries, are feuding over the senkaku island and uninhabited chain in the east china see, controlled by japan. the beach landing is off, japanese and u.s. personnel will still practice together. troops will board landing craft, and coordinate with air support. >>> artists face a fundamental choice in their work whether to depict what they see in their imagination or the realities of daily life. this question has arrived late i
to this at the highest level, leon panetta, secretary of defense said we don't want to attack iran. we hope that israel will not attack iran. but israel is a sovereign country, and have to make their own decisions about what they will do. you might ask what the reaction would be if you reverse the cast of characters. those of you who have antiquarian interest, you may remember there is a document called "the united nations charter" foundation of modern international law, which bars the threat or use of force in international affairs. there are two rogue states, the nine states and israel, which for him or which regard the charter and international law is just a boring relevance, so do what they like. and that is accepted. these are not just words. there is an ongoing war including terrorism, assassination of nuclear scientists, economic war, u.s. threats which have cut iran out of the international financial system. western military analysts identify what they call weapons of finance as acts of war, the justify violent responses when they are directed against us, that is. the united states is openly ca
and so-called defense. would you agree that we need reform this as well, it is nothing that would save us money their? >> yeah, that's okay. i think that there are two sides of the same equation. rand paul says that we cannot cut the debt or do something to address the deficits without looking at domestic spending and four in spending. that's how we will have to compromise. would you come up from the liberals perspectives they we need to do something with the entitlement system. maybe some way to save money. >> we have done that. obamacare is deficit reduction. it quantifies specifically because a lot of it is experimental. most folks who look at this thing the main drivers of deficit and debt is excessive health care spending. he doesn't deny your health care that you need. the obamacare plan is to try on a bunch of things and see what works the best. let's learn as we go. so it strikes me as very shortsighted. even if you don't like it from the get-go, i was not onboard in 1996, we gave it a shot. in some ways, it worked better than i thought it would. but it was good to try it and see
or a third-party leaks sensitive national defense information, that is really our focus. i mean, i am not aware of cases in my district where an allegation is by the defense or a third party that there was something and toward going on on behalf of the information that was leaked. and so, you know, as ken said, there are numerous structures in place these days for whistleblowers to report information. that is true, even in the justice department. our former inspector general is here, and the hajis have structures in place, have structures in place to receive those kind of allegations of waste, fraud, abuse, you know, illegal activity, what have you. and it seems to me that that is -- that is the proper recourse if the government employee believes that something untoward is going on with the structure of the congress. and i don't think that the justice department would, you know, would necessarily expect to get a referral from an intelligence agency and a case involving this sort of thing. >> let's take a couple of questions from the audience. i ask you to please be sure and to the poi
's defense. >> well, that is what they are built on. they did what they are supposed to. >> put the ball in play. catch the ball. and throw the ball. >> some of the stuff. 2-0 victories may not be sexy and exciting but it is effective. and it really becomes almost a symbol or signature of the team this year. >> i mean. they had a gap in the 8th inning when brandon crawford made an error. oh, my word, what is happening here. >> they can just make you fall asleep with fundamentals. >> fred, what about tim lincecum. >> solid in game one. >> i see he has a confidence that i didn't see during the regular season. he is coming in and mowing people down. >> and pitchers, he is in control of all four of his pitches now. the curious thing, too. one of the problems, it is when he had men on base and had to come out opt stretch and he is working from the stretch and looking very comfortable. no one is taking advantage of his extended, you know, his motion at all and it become as thing like where, maybe he figures i have nothing to lose. >> bochy and tim made sure everybody knows, this is only four t
money on defense, educate kids, have cops and firefighters, decent roads. john: does local government responsibility. >> sometimes the federal governnt gets into that's. john: he is keeping anembassy with 15,000 americans. he wants to spend more on defense, not as much as romney, but more. he wants to spend on everything. >> i'm not going to disagree in fight you on every one of these issues because there are some things that i wish we would cut. i would rather get out of afghanistan quicker than we are. there are things. the answer is not i don't think for any reasonable person to defend all spenng programs at all times. what we have in our politics really in the end is a fight over priorities, isn't it? john: one last reason why i don't trust your favorite can't it. >> the war on drugs has been the other failure, and that think that we need to rethink it. decriminalize are marijuana laws >> what am not going to b doing is using just the resources to try to circumvent state laws on this issue. john: and he absolutely has. he has rated more of these marijuana dispensaries than bush's
charm the administration made other promises to firms as well. john thune said the defense contractors are given assurances by president obama the legal bills will be covered if they are sued for violating the warn act. amazing economic numbers you won't hear in the mainstream media. in the grapevine. up next, c.i.a. version of what happened in benghazi on september 11. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. campbell's healthy request soup great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. >> bret: checking international headlines, american investigators will talk to people in custody for tunisia for the last month attack in libya that left 4 dead including the ambassador. the c.i.a. weighed in reporting with the own timeline on the rescue evidents that night. >> nearly eight weeks after the september 11 attack in benghazi, the c.i.a. is acknowledging
, the department of defense was ready to fly in cargo planes that could be loaded with trucks and equipment to help local power companies get up and running faster. but recovery will be a long, hard road for many communities. there's a lot of work ahead. if you've been directly impacted by this storm and need temporary assistance getting back on your feet, you can call 1-800-621-fema, or apply at disasterassistance.gov. if you know folks who are still without power, please spread the word and let them know. and if you don't live in an affected area and want to help, supporting the red cross is the best and fastest way. this week, we have been humbled by nature's destructive power. but we've been inspired as well. for when the storm was darkest, the heroism of our fellow citizens shone brightest. the nurses and doctors at nyu medical center who evacuated fragile newborns, carrying some down several flights of stairs. the firefighters in queens who battled an inferno from flooded streets, and rescued people from an apartment building by boat. the coast guard crews from north carolina who saved a sink
. that was not at the state level that was at the federal level. and that was primarily due to an increase in defense spending. i think that that was the biggest surprise and a pleasant surprise. >> brown: but on the other hand this is still very slow growth, right? >> yes, that's true. when youompare it to the, rt of theind of growth rate you should see for the economy at this stage of a recovery, it should be closer to 3%. we're the 2%. >> it looks as though a new area of weakness was in exports. what's going on there? >> yeah, there was clearly a slowdown, a negative number on expert-- exports. that is primarily due to the fact that we're doing less business with china. the economy of china has slowed. the economy of europe has slowed. and that showed up in the numbers. >> brown: i'm not going to me yointo a polical ansys but fro where youit does it look like there's something here for both candidates? >> yeah, i think there is something there for both sides. i think on the one side president obama can certainly point to the fact that the economy did better in the third quarter than it did in the second qu
of defense we'll reimburse you for that. >> cenk: michael, as you i hear you say that, that has to be the most obvious thing in the world. i can't imagine any of administration disagreeing except it turns out you guys did under the bush administration. does that go to show that nobody was in charge? there was wide disarray here. how can you have rumsfeld saying no or even having a debate for six hours on whether to send helicopters during hurricane katrina? isn't that very damming of how george bush ran that white house? >> it is damming as i have said, since the day i left. actually, since before then. if you went back and you found there is a march 2003 memo from me to tom ridge. gave the same memo later to michael chertoff that said if you keep fema this position and you keep this command structure that currently exists, fema will fall. it is exactly what we did. you now have this huge bureaucracy that fema is a part of. now, that said, congress has tried to correct it. i think congress learned from katrina t
now look to the future and look at a new defense strategy as we try to work through what the roles of the different services are and the defense strategy, i also remind everyone that we are also going to be downsizing during this time. the army, who at the beginning of calendar year 2012 was 570,000, will go down to 490,000 in the active component by the end of 2017. we have significant deployed commitments. we are downsizing our army, and we are now looking to the future. one of the main thing is we have to do is ensure we have the right mix. i always talk about my three rio stats that the secretary of army and i pay a lot of attention to. end strength, modernization, and readiness. because in general terms those are the drivers of our budget. we have to keep those in balance. we want to learn from the lessons of future -- past draw downs. some of the lessons is you can't get out of balance. because if you get out of balance you start to have an unready army. which leads to a hobbled army. we talk about task force smith and its impact and unpreparedness as was asked to go into kor
] let's repeal the patriot act. [cheers and applause] i would have never signed the national defense authorization act allowing for you and i as u.s. citizens to be arrested and detained without being charged. that's the reason we fought wars in this country. [cheers and applause] i promise to submit a balanced budget to congress in the year 2013. that is a 1.4 trillion reduction in federal spending. if we don't do this now, we are going to find ourselves in a monetary collapse and a monetary collapse very simply is when the dollars we have in our pockets don't buy a thing because of the acome anying inflation -- because of the accompanying inflation that goes along with every dollar we spend. thathe only candidate wants to eliminate income tax, eliminate corporate tax, abolish the i.r.s. and replace all of that with one federal consumption tax, the fair tax. i think it is the answer to our exports, it is the answer to american jobs. [applause] >> in what way way does the war on drugs impact americans? that was submitted by jeff tanguay via facebook. >> the war on drugs has been an u
with the american people in terms of defense. i think you ought to have a 300 ship navy because we are going to be bringing the troops home. >> first of all the president is right when he says you don't count ships you count the effectiveness of the navy and of the entire military force. what romney is doing is he is appealing to the ship building facilities in virginia. it is campaign rhetoric, not a realistic defense. >> eleanor, once again eleanor is right. >> thank you, tim. >> it is military industrial king pinnism. george allen is doing it in virginia and now romney is doing it. >> we need more ships to make more jobs. >> you sound like obama when you are saying we need more ships to make more jobs. >> we do need ships to defend american interests abroad. >> do we have enough as obama says we have? >> i think we ought to modernize the navy and stay at 300 ships but bring the troops out of places like the middle east, central asia, bring them home. >> the current batch of ships we have are so big and so powerful. >> we used to have 15 carriers, we have now got 11. >> so multi-usable we
the elites, the incumbent industry. he didn't say that. in fact, he was a courageous guy. he cut defense budgets by 20% in the late 1950s and those defense cuts, budget cuts in the late 1950s or the number one reason we have silicon alley. a plot of radio engineers had moved out there. it's a beautiful part of the country. suddenly they didn't have jobs and those people said well, we want to stay here and they created eventually intel and all the rest of that, right? so we were in a very tenuous moment. at a financial crisis. there is a financial crisis that led to the crisis in ottawa industry. adding on top of that psychologically the failure of the big three automakers, tough. tough call. by the way, i don't know what anybody in the presidential election mentions this as a bush program. i have a chapter in my forward. i'm not concerned about partisan politics. we need to get history right. start on one administration continue to the other. that's not what it's about either. but what happened if we we let it go? it would've been on the manufacturing access, all these contracts out the
to the future and as we look at a new defense strategy as we try to work through what the roles of the different services are and the defense strategy i also remind everyone that we will be downsizing during this time. the army who at the beginning of calendar year 12 was a 570,000 will go down to 49,090,000 in the active component by the end of 17 so we have significant deployment commitments. we are downsizing our army and we are now looking to the future. one of the main things is we have to do is ensure we have the right mix so i talk about rea stats and the secretary of the army and i really pay a lot of attention to it. end strength, modernization and readiness. in general terms those are the drivers and we have to keep those imbalance. we want to learn from the lessons of the future of past drug downs and some of the lessons is you can't get out of balance because if you get out of balance you start to have an unready army which leads to a hollow army and of course we always talk about in the army task force and its impact and unpreparedness as it was asked to go in to korea forced world
defense strategy as we try to work through what the roles of the different services are and the defense strategy, i also remind everyone that we are also going to be downsizing during this time. the army, who at the beginning of calendar year 2012 was 570,000, will go down to 490,000 in the active component by the end of 2017. we have significant deployed commitments. we are downsizing our army, and we are now looking to the future. one of the main thing is we have to do is ensure we have the right mix. i always talk about my three rio stats that the secretary of army and i pay a lot of attention to. end strength, modernization, and readiness. because in general terms those are the drivers of our budget. we have to keep those in balance. we want to learn from the lessons of past draw downs. some of the lessons is you can't get out of balance. because if you get out of balance you start to have an unready army. which leads to a hobbled army. we talk about task force smith and its impact and unpreparedness as was asked to go into korea post-world war ii. we don't want that to happen again
to national security, and that no court has ever accepted a defense of an proper of a document, and that millions of federal employees sign nondisclosure agreements when they're ready and classified programs, saying that they realize that disclosure of the classified information will damage the national security, it's actually quite hard to see why most disclosures of classified info aren't at least potentially prosecutable under the espionage act main section. moreover, this not just the espionage act. there are a number of the statutes, criminal statutes. perhaps most notably 18 -- is the general that and conversion statute. it criminalizes a theft conversion of property or other things of value of the u.s. government. most circuits, although there's some split, reader that should cover intangible information including classified information as well as tangible documents. so 641, and most of the country, seems like you could catch all classified information leaks, and much more. and, finally, the whistleblower laws are very little protection for defendants in these cases. in
effect next year. $55 billion in defense alone. a study funded by the aerospace industry association finds more than 2 million jobs will be lost by the end of next year, more than a million in defense and nearly as many nondefense-related jobs. only 16% of these are federal workers. the majority of the pink slips will be in the private sector. now voters in key battleground states are going to feel most of this, ali. in florida where you are, that same study found about 80,000 total jobs lost. in virginia where you're headed next week, more than 207,000 jobs lost. of course it's home to numerous defense contractors and military bases, including the pentagon. then take a look at california and texas. not swing states but both, both of those states would be hit hard if the sequester happens. but ali, spending cuts are just part of the fiscal cliff. there are also monster tax increases that will take effect and as the bush tax cuts expire, the amt tax expires, i could go on and on, payroll tax holiday, nonpartisan tax policy center say american households face on average 3500 in higher
's also true that the disclosure of certain highly classified sensitive national defense information security grounds the protect the secrecy of information critical to the national security and the right to free speech and the value of the informed citizenry is not absolute to the nation's security as the fourth circuit said in the u.s. versus morrison they said public security can be compromised and to raise the information is needed for democracy to function and the physical security which a functioning government requires or as the district judge in the district of virginia couple of years ago he wrote to the defendant's first amendment challenge to the espionage statute is the tension between the government transparency so essentials of the space society on the one hand and the government's equally compelling need to protect the disclosure information that could be used by those that wish to do the nation harm. the tension between the two principals, the first principles as i call them is not one that will necessarily resolve this morning but i mention them because it does and f
it a little more defensively, like jeff said. also, something that's reminding me of 2007, the third and fourth quarter of 2007, we're starting to see weakness in consumer discretionary, small cap, and mid-cap. when you start to see those bull market sectors, not to mention technology sell off, i think you just want to become a little bit more cautious. not bearish. defensive, cautious. >> yeah, you say portfolio managers are doing window dressing right now, jeff. >> they are. you can see some of it. i think it's absolutely refle reflective of what abigail just said. there's a tendency to get away from the cyclical stuff, to go towards the defensive stocks. i'm watching the vix levels here. i think there's a lot of complacency in the market, which is very dangerous. we've seen the market get to this low end. it's almost always been resulted in bad things, sell off time. again, we have all these risks coming up that i think are going to make investing a very difficult road. i would watch the volume levels. i think you're going to see people heading for the exits. >> all right. we'll l
and foremost, our military readiness. but for an area that relies heavily on the defense industry, it would be devastating. >> what were the dates from key come house, senate and governor's races online any time and throughout the day saturday on c-span, starting at 10:00 a.m. eastern. >> just a few minutes ago, i called by president bush and congratulated him on his victory. and i know i speak for all of you and for all of the american people when i say, he will be our president and we will work with them. this nation faces major challenges ahead and we must work together. >> i have just received a telephone call from gov. dukakis. [applause] and i want you to know, it was most gracious. his call was personal. it was genuinely friendly. and it was and the great tradition of american politics. [applause] >> of this weekend on c-span 3 and american history tv, 20 years of presidential victory and concession speeches, but sunday at 7:00 p.m. eastern and pacific. >> "washington journal" continues. host: we have been highlighting key battleground states as part of a series and the countdown to
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